MIRA INFORM REPORT

Report Date :

20.02.2014

IDENTIFICATION DETAILS

Name :	ATRIA BRINDAVAN POWER LIMITED
Registered Office :	No.1, Palace Road, Bangalore – 560001, Karnataka
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	14.12.2000
Com. Reg. No.:	08-028288
Capital Investment / Paid-up Capital :	Rs. 246.896 Millions
CIN No.: [Company Identification No.]	U40101KA2000PLC028288
TAN No.: [Tax Deduction & Collection Account No.]	BLRA04531C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Generation of Electricity.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 940000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Company has incurred huge loss from its operation in 2013. However, trade relation are fair. Business is active. Payment terms are slow but correct. The company can be considered for business dealing with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

The worst is over for India’s economy with gross domestic product likely to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s Analytics. Concerns over the rupee and current account deficit are under control, said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up from the estimated 4.8 % for 2013/14.  Total economic growth, infrastructure bottlenecks and lack of transparency and consistency in foreign direct investment policies seem to have taken a toll on India’s attractiveness as an investment destination, says an Ernst & Young survey.  Projects with FDI component fell 16.4 % across the globe in 2012 from the previous year.  The drop in India was steeper at 21 %. State run carrier Air India is doling out free tickets to its 24000 employees, even as it expects to incur a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn. 550000 number of jobs generated across India in 2013, a fall of 0.4 % as compared to with a year earlier. The National  Capital Region has a one-fourth share in total jobs created, according to a study by industry lobby group Assochem, Banks, real estate, automobile and telecommunications sectors are showing a rise of job creation. $ 805 mn investments by venture capital firms in India during 2013, registering a drop of about 18 % over the previous year. The Information Technology and IT-Enabled  Services Industry retained its status as the favourable venture capital investors in 2013. Pakistan has temporarily banned gold imports for the second time in six months, as it tries to stem smuggling into India. India’s import duty on gold is 10 % and curbs on purchases have dried up legal imports into what used to be the world’s biggest bullion buyers. The World Gold Council puts the amount smuggled into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed bank deposits estimated to be about Rs 35000 mn be used for education and awareness among depositors.  According to the plan, deposits that have not been claimed for at least 10 years will be transferred to the scheme.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating: “B+”
Rating Explanation	Risk prone credit quality and very high credit risk.
Date	26.09.2013

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DECLINED

MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-80-22261860)

LOCATIONS

Registered Office :	No.1, Palace Road, Bangalore – 560001, Karnataka, India
Tel. No. :	91-80-22257022/ 22261860
Fax No. :	91-80-22257023/ 22256850
E-Mail :	dgm@atriagroups.com

DIRECTORS

As on 30.09.2013

Name :

Mr. Chinnaswamy Sunder Raju

Designation :

Director

Address :

No.294, Upper Palance Orchards, Bangalore – 560080, Karnataka, India

Date of Birth/Age :

21.08.1957

Date of Appointment :

14.12.2000

DIN No. :

00592212

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74995KA1984PTC005975	VISWESWARAIAH TECHNICAL SERVICES PRIVATE LIMITED	Director	16/12/1986	16/12/1986	-	Active	NO
2	U45203KA1991PTC012602	AKKALARAJU CONTRACTORS AND ENGINEERS PRIVATE LIMITED	Whole-time director	09/12/1991	09/12/1991	-	Active	NO
3	U55101KA1994PTC015562	CHALUKYA HOTELS PRIVATE LIMITED	Director	29/04/1994	29/04/1994	-	Active	NO
4	U55100KA1995PTC018477	CHALUKYA HOLIDAY RESORTS PRIVATE LIMITED	Director	31/08/1995	31/08/1995	-	Active	NO
5	U40105KA1996PTC020692	ATRIA POWER CORPORATION PRIVATE LIMITED	Director	24/06/1996	24/06/1996	-	Active	NO
6	U07010KA1997PTC021976	ATRIA HOLDINGS PRIVATE LIMITED	Director	18/03/1997	18/03/1997	-	Active	NO
7	U85110KA1984PLC006560	A.S.K.BROTHERS .LIMITED	Whole-time director	03/01/1998	03/01/1998	-	Active	NO
8	U85110KA1999PLC024675	ATRIA HYDEL POWER LIMITED	Director	25/01/1999	25/01/1999	-	Active	NO
9	U40101KA1999PLC026081	ATRIA POWER CORPORATION (SHIMSHA) LIMITED	Director	14/12/1999	14/12/1999	-	Active	NO
10	U72900KA2000PTC027290	ATRIA CONVERGENCE TECHNOLOGIES PRIVATE LIMITED	Managing director	21/06/2008	16/06/2000	-	Active	NO
11	U32302KA2000PTC027519	ATRIA BROADBAND SERVICES PRIVATE LIMITED	Director	26/07/2000	26/07/2000	-	Active	NO
12	U40101KA2000PLC028288	ATRIA BRINDAVAN POWER LIMITED	Director	14/12/2000	14/12/2000	-	Active	NO
13	U65993WB1992PTC054292	ESKAY MERCANTILE COMMERCIAL AND HOLDING PRIVATE LIMITED	Director	01/03/2005	01/03/2005	-	Active	NO
14	U64203KA2006PTC040993	KABLE FIRST INDIA PRIVATE LIMITED	Director	19/08/2009	31/05/2008	-	Active	NO
15	U72200KA2008PTC045641	A.C.N. CABLE PRIVATE LIMITED	Additional director	16/03/2009	01/06/2008	04/05/2009	Active	NO
16	U64204MP2008PTC020522	SR CABLE TV PRIVATE LIMITED	Additional director	14/06/2008	04/06/2008	04/05/2009	Active	NO
17	U32109KA2008PTC047065	ACT DIGITAL HOME ENTERTAINMENT PRIVATE LIMITED	Director	26/09/2008	26/09/2008	01/04/2009	Active	NO
18	U32200KA2008PTC045694	KABLE FIRST DAVANAGERE PRIVATE LIMITED	Director	02/01/2009	02/01/2009	03/01/2009	Active	NO
19	U40101KA2002PTC031228	BALAJI HYDEL POWER PRIVATE LIMITED	Director	11/08/2009	06/03/2009	-	Active	NO
20	U74900KA2011PTC056741	OBRM SERVICE MANAGEMENT PRIVATE LIMITED	Director	21/01/2011	21/01/2011	-	Active	NO
21	U74900KA2011PTC056740	CTV CONTENT MANAGEMENT PRIVATE LIMITED	Director	21/01/2011	21/01/2011	-	Active	NO
22	U74999KA2011PTC056739	CLOVER PROGRAM MANAGEMENT PRIVATE LIMITED	Director	21/01/2011	21/01/2011	-	Active	NO
23	U40108KA2012PTC063626	WONDER TECH WIND POWER PRIVATE LIMITED	Director	18/04/2012	18/04/2012	-	Active	NO
24	U40300KA2012PTC065186	ATRIA SOLAR POWER PRIVATE LIMITED	Director	03/08/2012	03/08/2012	-	Active	NO
25	U70102KA2006PTC041154	GARUDA MAVERICK INFRASTRUCTURE PROJECTS PRIVATE LIMITED	Director	30/09/2013	30/01/2013	-	Active	NO
26	U40106KA2013PTC070346	SOLARATRIA CLEAN TECH PRIVATE LIMITED	Director	26/07/2013	26/07/2013	-	Active	NO
27	U40102KA2013PTC071099	WPA CLEAN ENERGY PRIVATE LIMITED	Director	20/09/2013	20/09/2013	-	Active	NO
28	U40103AP2013PTC088451	BLYTH WIND PARK PRIVATE LIMITED	Additional director	23/11/2013	23/11/2013	-	Active	NO
29	U40101DL2009PLC190339	BETUL WIND FARMS LIMITED	Additional director	10/01/2014	10/01/2014	-	Active	NO

Name :

Mr. Kupparaju Nagaraju

Designation :

Director

Address :

No.61, R.V.Layout, Kumara Park (West), Bangalore – 560020, Karnataka, India

Date of Birth/Age :

23.09.1959

Date of Appointment :

14.12.2000

DIN No. :

00592259

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U26941KA1963PTC001516	MYSORE SPUN CONCRETE PIPE COMPANY PRIVATE LIMITED	Director	29/12/1982	29/12/1982	-	Active	NO
2	U40105KA1996PTC020692	ATRIA POWER CORPORATION PRIVATE LIMITED	Director	24/06/1996	24/06/1996	-	Active	NO
3	U07010KA1997PTC021976	ATRIA HOLDINGS PRIVATE LIMITED	Director	18/03/1997	18/03/1997	-	Active	NO
4	U85110KA1984PLC006560	A.S.K.BROTHERS .LIMITED	Whole-time director	03/01/1998	03/01/1998	-	Active	NO
5	U85110KA1999PLC024675	ATRIA HYDEL POWER LIMITED	Director	25/01/1999	25/01/1999	-	Active	NO
6	U40101KA1999PLC026081	ATRIA POWER CORPORATION (SHIMSHA) LIMITED	Director	14/12/1999	14/12/1999	-	Active	NO
7	U72900KA2000PTC027290	ATRIA CONVERGENCE TECHNOLOGIES PRIVATE LIMITED	Director	16/06/2000	16/06/2000	-	Active	NO
8	U32302KA2000PTC027519	ATRIA BROADBAND SERVICES PRIVATE LIMITED	Director	26/07/2000	26/07/2000	-	Active	NO
9	U40101KA2000PLC028288	ATRIA BRINDAVAN POWER LIMITED	Director	14/12/2000	14/12/2000	-	Active	NO
10	U45202KA1995PTC017400	TRINETRA CONSTRUCTIONS PRIVATE LIMITED	Director	30/12/2000	30/12/2000	-	Dormant	NO
11	U85110KA1992PTC013671	A.J.HOTELS(INDIA) PRIVATE LIMITED	Director	05/02/2001	05/02/2001	-	Active	NO
12	U55201KA1984PTC006582	WOODSIDE HOTELS PRIVATE LIMITED	Director	09/02/2001	09/02/2001	-	Active	NO
13	U40101KA2002PTC031228	BALAJI HYDEL POWER PRIVATE LIMITED	Director	18/11/2002	18/11/2002	-	Active	NO
14	U93090TN1951NPL002401	SOUTH INDIA HOTELS AND RESTAURANTS ASSOCIATION	Director	13/03/2004	13/03/2004	-	Active	NO
15	U64203KA2006PTC040993	KABLE FIRST INDIA PRIVATE LIMITED	Director	19/08/2009	31/05/2008	-	Active	NO
16	U74900KA2011PTC056741	OBRM SERVICE MANAGEMENT PRIVATE LIMITED	Director	21/01/2011	21/01/2011	-	Active	NO
17	U74900KA2011PTC056740	CTV CONTENT MANAGEMENT PRIVATE LIMITED	Director	21/01/2011	21/01/2011	-	Active	NO
18	U74999KA2011PTC056739	CLOVER PROGRAM MANAGEMENT PRIVATE LIMITED	Director	21/01/2011	21/01/2011	-	Active	NO
19	U40108KA2012PTC063626	WONDER TECH WIND POWER PRIVATE LIMITED	Director	18/04/2012	18/04/2012	-	Active	NO
20	U40300KA2012PTC065186	ATRIA SOLAR POWER PRIVATE LIMITED	Director	03/08/2012	03/08/2012	-	Active	NO
21	U70102KA2006PTC041154	GARUDA MAVERICK INFRASTRUCTURE PROJECTS PRIVATE LIMITED	Director	30/09/2013	30/01/2013	-	Active	NO
22	U40106KA2013PTC070346	SOLARATRIA CLEAN TECH PRIVATE LIMITED	Director	26/07/2013	26/07/2013	-	Active	NO
23	U40102KA2013PTC071099	WPA CLEAN ENERGY PRIVATE LIMITED	Director	20/09/2013	20/09/2013	-	Active	NO
24	U55100DL1955NPL002587	THE FEDERATION OF HOTEL AND RESTAURANT ASSOCIATIONS OF INDIA	Director	30/09/2013	30/09/2013	-	Active	NO
25	U40103AP2013PTC088451	BLYTH WIND PARK PRIVATE LIMITED	Additional director	14/12/2013	14/12/2013	-	Active	NO
26	U40101DL2009PLC190339	BETUL WIND FARMS LIMITED	Additional director	10/01/2014	10/01/2014	-	Active	NO

Name :

Mr. Pradeep Gopal Raju

Designation :

Director

Address :

No.61, R.V.Layout, Kumara Park (West), Bangalore – 560020, Karnataka, India

Date of Birth/Age :

04.02.1976

Date of Appointment :

14.12.2000

DIN No. :

02062888

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status
1	U85110KA1999PLC024675	ATRIA HYDEL POWER LIMITED	Director	25/01/1999	25/01/1999	Active
2	U40101KA2000PLC028288	ATRIA BRINDAVAN POWER LIMITED	Director	14/12/2000	14/12/2000	Active
3	U45202KA1995PTC017400	TRINETRA CONSTRUCTIONS PRIVATE LIMITED	Director	30/12/2000	30/12/2000	Dormant
4	U85110KA1992PTC013671	A.J.HOTELS(INDIA) PRIVATE LIMITED	Director	05/02/2001	05/02/2001	Active
5	U55201KA1984PTC006582	WOODSIDE HOTELS PRIVATE LIMITED	Director	09/02/2001	09/02/2001	Active
6	U45203KA2008PTC048017	ATRIA INFRASTRUCTURES PRIVATE LIMITED	Director	15/10/2008	15/10/2008	Active

Name :

Mr. Arvind Champalal Jain

Designation :

Nominee director

Address :

No 21, Chiranjeev Building, Gulmohar Cross Road, 2^nd Floor, Jvpd, Vile Parle (West), Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

18.11.1981

Date of Appointment :

01.06.2013

DIN No. :

06602946

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
C.S.Sundar Raju	19780
K.Naga Raju	156440
G.Pradeep Raju	13250
Savitramma	100
Indiramma	15100
Raju Bharathi.N	38750
Raju Thejavathi	104695
K.Nagaraju (HUF) Represented By K Nagaraju	68600
A.S.Chinna Swamy Raju	15000
Karthik S.Raju	3760
A.J.Hotels (India) Private Limited, India	867700
Woodside Hotels Private Limited, India	377490
Kaushik S.Raju	3280
C.S.Sunder Raju (HUF) Represented By C S Sunder Raju	90915
Atria Hydel Power Limited, India	130724
Atria Power Corporation Private Limited, India	490430
A.S.K.Brothers Limited, India	72950
BanyanTree Growth Capital II LLC, Republic of Mauritius	500
Total	2469464

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	0.02
Bodies corporate	78.53
Directors or relatives of Directors	21.45
Total	100.00

BUSINESS DETAILS

Line of Business :

Generation of Electricity.

PRODUCTION STATUS (AS ON 31.03.2012)

Particulars	Unit	Installed Capacity
Power	Mega Watts	12
Power (Tail Race)	Mega Watts	4

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

· Central Bank of India, Millers Road Branch, 71, Sona Towers, Bangalore - 560052, Karnataka, India

· Andhra Bank, N R Road, Bangalore, Bangalore - 560002, Karnataka, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Term Loans from Banks (having pari-passu charge on all movable and immovable assets of the company)	424.598	493.473
Loans and advance from Related Parties	1.614	0.114
Total	426.212	493.587

Banking Relations :	--
Auditors :
Name :	Ranga and Company Chartered Accountants
Address :	112, Second Floor, R V Road, V.V. Puram, Bangalore – 560004, Karnataka, India
Tel. No. :	91-80-26619200/ 26678200/ 22429200
E-Mail :	rangaandco@gmail.com ksivaguru@hotmail.com
Income-tax PAN of auditor or auditor's firm :	AACFR7033E

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
4,500,000	Equity Shares	Rs.10/- each	Rs. 450.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,469,464	Equity Shares	Rs.10/- each	Rs. 246.946 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	246.896	246.896	163.072
(b) Reserves & Surplus	(13.039)	107.940	(271.371)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	233.857	354.836	(108.299)
(3) Non-Current Liabilities
(a) long-term borrowings	426.212	493.587	603.373
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.129	1.283	1.283
(d) long-term provisions	0.542	0.330	0.000
Total Non-current Liabilities (3)	426.883	495.200	604.656
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.158	0.000	0.000
(c) Other current liabilities	98.835	69.634	425.583
(d) Short-term provisions	0.519	0.539	0.787
Total Current Liabilities (4)	99.512	70.173	426.370
TOTAL	760.252	920.209	922.727
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	452.073	505.496	577.758
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	119.091	145.761	103.437
(d) Long-term Loan and Advances	25.235	19.144	18.519
(e) Other Non-current assets	135.959	135.930	135.930
Total Non-Current Assets	732.358	806.331	835.644
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	4.533	16.972	24.898
(d) Cash and cash equivalents	11.956	78.490	49.535
(e) Short-term loans and advances	4.875	0.002	0.044
(f) Other current assets	6.530	18.414	12.606
Total Current Assets	27.894	113.878	87.083
TOTAL	760.252	920.209	922.727

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	75.621	230.029	153.833
		Other Income	1.136	0.904	0.658
		TOTAL (A)	76.757	230.933	154.491
Less	EXPENSES
		Employee benefits expenses	7.735	5.953	4.231
		Other expenses	25.350	19.858	32.716
		TOTAL (B)	33.085	25.811	36.947
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		43.672	205.122	117.544
Less	FINANCIAL EXPENSES (D)		68.386	81.602	82.175
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(24.714)	123.520	35.369
Less/ Add	DEPRECIATION/ AMORTISATION (F)		69.595	79.917	90.221
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(94.309)	43.603	(54.852)
Less	TAX (H)		26.669	(42.324)	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(120.978)	85.927	(54.852)
	Earnings / (Loss) Per Share (Rs.)		(49.00)	34.80	(33.64)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(157.61)	37.21	(35.50)
Net Profit Margin (PBT/Sales)	(%)	(124.71)	18.96	(35.66)
Return on Total Assets (PBT/Total Assets}	(%)	(14.71)	5.63	(6.70)
Return on Investment (ROI) (PBT/Networth)		(0.40)	0.12	0.51
Debt Equity Ratio (Total Debt/Networth)		1.82	1.39	(5.57)
Current Ratio (Current Asset/Current Liability)		0.28	1.62	0.20

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	163.072	246.896	246.896
Reserves & Surplus	(271.371)	107.940	(13.039)
Net worth	(108.299)	354.836	233.857
long-term borrowings	603.373	493.587	426.212
Short term borrowings	0.000	0.000	0.000
Total borrowings	603.373	493.587	426.212
Debt/Equity ratio	(5.571)	1.391	1.823

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	153.833	230.029	75.621
		49.532	(67.125)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	153.833	230.029	75.621
Profit	(54.852)	85.927	(120.978)
	(35.66%)	37.35%	(159.98%)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10043650	21/05/2009 *	190,000,000.00	CENTRAL BANK OF INDIA	MILLERS ROAD BRANCH, #71, SONA TOWERS, BANGALORE - 560052, KARNATAKA, INDIA	A63679393
2	80041022	31/12/2007 *	618,000,000.00	CENTRAL BANK OF INDIA	MILLERS ROAD BRANCH, BANGALORE - 560002, KARNATAKA, INDIA	A30771760

* Date of charge modification

COMPANY OVERVIEW

The company is engaged in business of Generation of Electricity. The 12 MW project has generated 55.85 MU and The 4 MW project has generated 18.14 MU.

FIXED ASSETS

· Land

· Building

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.12
UK Pound	1	Rs.103.93
Euro	1	Rs.85.17

INFORMATION DETAILS

Information Gathered by :	NYA
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.